What does average rate mean?

average rate meaning in Insurance Dictionary

one price deciding on property at several place which a weighted average associated with the person prices applicable to every place.

Sentence Examples with the word average rate

Putting the rates of the twelve returning railways together, we find the average freight in the two years 1859-1860 was 3 o06 cents per ton per mile, and that in 1896-1897 the average rate had fallen to 797 of a cent per ton per mile.

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